I keep the lease simple: One year and all tenants are jointly and severally liable.

NSPIRE inspections will more accurately reflect the true physical conditions of properties and ensure that property owners adopt sound maintenance practices to eliminate health and safety hazards that may pose a threat to residents.

If I am filing jointly with my wife and she manages the STR (and passes materially participate test), can we still benefit from this?

You basically have 2 options:1) Join a mentorship program, buy a note, and do everything on your own based on the knowledge you get2) Some companies joint venture with newbies so you learn while studying what the experienced partner is doing.

Failure is a health hazard and you can bill her for the removal. 

@Robert Rixer This one is directly across the street from my house and I could use one of the units to have my mom close by (health issues).

We made the tenant pay for the pumping.Also... ask the Health Dept if they have had any repairs on the system. 

The purpose was for us to fix up the property and to flip it.Ownership Structure: My aunt and I are joint tenants, each holding a 50/50 ownership stake in the property.

BiggerPockets groups —lots of solid resources and a supportive community here or at local REI meetups; you'll find folks willing to share tips (and maybe even some potential partners).Here are some other strategies that could also help you scale faster:Partnerships/Joint Ventures: Teaming up with others, especially experienced investors or people with capital but limited time.

These are some options that I am considering. 1) Getting an LLC and a Joint Venture agreement to partner with a long time friend of mine but somehow separate our business from our individual marriages?